News

Daily Dairy Trading: Butter Leads Spot Trades as Class IV Drops

20 November 2013

US – Spot bidders reported five trades for Butter yesterday which, along with a five cent drop in November Class IV milk, constituted the main changes.

Butter sold unchanged on $1.6500 amid static spot prices. Two bids were made for Cheddar Blocks for Monday’s $1.8200 value, reports the Agricultural Marketing Service at the US Department of Agriculture.

November Class III closed down from $20.65 to end the day on $20.60.

Bidders showed little interest in Extra Grade Nonfat Dry Milk after its major gains yesterday, only registering one offer.